Lee & Associates NYC has successfully completed four leases at 8 West 38th St., a 12-story, 142,000-square-foot office and retail building in the Grand Central submarket of Manhattan. Recent transactions include the 15,138-square-foot lease renewal of TCW Trends Inc., a 3,791-square-foot new lease with James Scott, a 3,700-square-foot new lease with Exponent and a 1,428-square-foot new lease with Mcdonald Selznick Associates, totaling just over 24,000 square feet.
Todd Korren and David Scher from Lee & Associates NYC represented the landlord in all four transactions.
“The recent success at 8 West 38th St. is a testament to our team’s knowledge in the Midtown South and Grand Central submarkets and ability to create successful marketing campaigns that are custom to each of our listings,” said Korren, principal and executive managing director at Lee & Associates NYC. “We’re excited to continue showcasing our expertise for Jay Properties.”
Originally built as a department store, the building features unique characteristics, including generous column spacing, large bay windows, high ceilings, a drive-in loading dock and oversized freight elevators. Owner Jay Properties recently completed significant capital improvements to the building, including renovations of all common corridors, enhancing lobby security to include facial recognition systems, and began construction of over 8,000 square feet on two rooftop terraces with extensive landscaping, multiple seating areas and Wi-Fi. In addition, Jay Properties is redeveloping the third floor of the building as a conference center with rooms able to accommodate 44 to 128 people, which will be available to tenants at a discounted rate.
